BlackRock-linked ETF wallet buys $229 million worth of BTC and ETH

AI Market Summary

On-chain data shows BlackRock-linked ETF wallets received 2,559.28 BTC (~$205.6m) and 9,340 ETH (~$23.53m) in the past 9 hours, implying sizable near-term spot demand from ETF flows. Such accumulation can tighten liquid supply and reinforce risk-on positioning across major crypto assets, with BTC most directly affected given the larger notional inflow.

Impact level

● Medium

Affected assets

BTC/USDT+0.99%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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BlackRock-linked ETF wallets added roughly $229 million in crypto over the past nine hours, according to on-chain analyst Onchain Lens (@OnchainLens). The wallets received 2,559.28 BTC (about $205.6 million) and 9,340 ETH (about $23.53 million).

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